Crypto ETF Reserve Attestations: Beyond the Real-Time Wallet Balance
TNF's CPAs breaks down the asset-side complexities in real-time crypto ETF reserve attestations — staking, lending, redemptions, and network events that a wallet balance check alone won't capture.
Understanding Your 1099-DA
The 1099-DA is the IRS’s new information reporting form for digital asset activity, and starting in tax year 2025 most U.S. crypto exchanges and brokers must report their customers’ crypto trades on it. This FAQ explains what the 1099-DA is, why you received one from your exchange, what data it includes (and what’s still missing), and how it connects to Form 8949, Schedule D, and your overall crypto tax filing.
Crypto Accounting Firm vs. Traditional CPA: What Digital Asset Companies Actually Need
Digital asset companies face accounting challenges traditional CPA firms simply aren’t built to handle. From on-chain data reconciliation to complex regulatory guidance like the GENIUS Act and IRS Revenue Procedure 2024‑28, crypto finance introduces layers of complexity beyond standard debits and credits. A crypto accounting firm specializes in navigating these nuances, offering expertise in blockchain data, proof of reserves, and digital asset tax compliance, while traditional firms often lack the technology and regulatory depth digital asset companies need.
In this guide, we break down the key differences between a crypto accounting firm vs. a traditional CPA, highlight the warning signs you’ve outgrown your generalist firm, and share what to look for when choosing a crypto‑native accounting partner that can scale with your business.
The Crypto CFO's Checklist - The Big Issues in Crypto Accounting and Finance
Discover the top 10 critical issues in crypto accounting and finance with our comprehensive guide for CFOs and financial professionals. From strategic planning and financial reporting to crypto audit readiness and multi-jurisdictional operations, this article provides a detailed crypto accounting checklist to navigate the complexities of digital asset management. Learn essential best practices for investor reporting, treasury management, and crypto compensation to ensure compliance and drive business success in the dynamic world of cryptocurrency.
Crypto Accounting Success - 10 Steps to Do it Right
Mastering crypto accounting is essential for businesses navigating the complexities of digital assets. This expert guide outlines 10 key steps to ensure accurate and compliant financial reporting in the volatile world of cryptocurrencies. Learn how to classify crypto assets, implement effective record-keeping systems, and accurately value transactions while adhering to Generally Accepted Accounting Principles (GAAP). Discover best practices for recognizing revenue, tracking transaction fees, and handling foreign exchange impacts. Stay informed about regulatory requirements and enhance your accounting practices to achieve success in crypto accounting. Contact The Network Firm for tailored assistance in managing your cryptocurrency accounting needs.